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Despite euro's rebound after yesterday's selloff to a marginal low at 1.4681, this move is viewed as a minor correction of recent decline and as long as previous resistance at 1.4860 holds, downside bias remains for another selloff and below 1.4728 would bring re-test of aforesaid support at 1.4681.
On the upside, a firm break above 1.4860 would yield stronger retracement of the fall from 1.5064 top to 1.4910/20 before down.
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